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1099 S 223rd Lane 
Buckeye, AZ
85326
4 Beds 3 Baths 2,267 sqft
Built 2005
INVESTimate
$269,900
List Price
$77,274
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $119.06
- 3 Days on Market
- MLS # : 6121909
- Updated Date : 08/25/2020 at 11:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,267 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
This 2 story home features a full bath and bedroom on the main floor. Open kitchen with island area with breakfast bar, . Plenty of cabinets and linen closet w/laundry room. All tile floors downstairs and wood-style vinyl in all the right areas. Carpet only where needed. The upstairs features a large loft, master bedroom suite, and 2 other bedrooms and bath. This is one of the most popular and desirable floor plans. Easy to view and buy today.
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PRICE & RENT TRENDS
Neighborhood: Sundance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sundance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$220 | |
| Property Insurance | -$71 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$269,900
PROJECTED PRICE
$1,340
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
3.58
YEARS SAVED
$10,336
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$1,332
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
-
1099 S 223rd Lane Buckeye, 4
- 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,340
- $0.59
-
22384 W Desert Bloom Street Buckeye, 1
- 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
![property image]()
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,295
- $0.57
-
1438 S 222nd Drive Buckeye, 2
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005
![property image]()
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,299
- $0.58
-
22353 W Devin Drive Buckeye, 3
- 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,325
- $0.58
-
1100 S 223rd Lane Buckeye, 5
- 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,395
- $0.62
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121909
Last Updated: 08/25/2020
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
